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Nutanix Inc. (NTNX) Broke Out To A 7-Month High On Analyst Comments

William Blair reiterated its "Outperform" rating on shares of Nutanix Inc. (NTNX) Tuesday morning. Analyst Jason Ader also stated that his "conviction is rising to new levels" after speaking with value-added resellers.

Nutanix gapped up at the open Tuesday and climbed during the first half hour of trade, before settling into a range. The stock ended the day with a gain of 2.30 at $25.61 on above average volume. Nutanix broke out of over a 2-week trading range and set a 7-month high.

by RTTNews Staff Writer

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